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Q3 2025 Earnings Season Tracker: Live Updates & Analysis by Sector

October 31, 2025

_{Earnings Data Updated as of: Wednesday, October 29 @ 9:30AM EST}

Earnings Season Overview: Q3 2025 earnings season enters its final stretch with major technology and energy companies completing reports. As of October 31, 2025, 30 of the 50 largest companies tracked have reported, maintaining an impressive 90% beat rate. Yesterday’s blockbuster results included Apple’s +5.1% surprise ($1.85 vs $1.76), Amazon’s massive +25.4% beat ($1.43 vs $1.14), and Mastercard’s solid +1.6% performance. Today’s Focus: ConocoPhillips and Shell report before market open, marking the start of major energy earnings. Notable disappointment came from Eli Lilly with a -19.7% miss ($1.18 vs $1.47). Technology sector dominates with 6 of 10 companies beating estimates, while Financials maintain a perfect 100% beat rate across all 10 reported companies. Energy sector reporting begins today, setting the tone for next week’s major releases from Exxon and Chevron. Average YoY revenue growth for reported companies stands at +7.2%. Data sourced and verified from Alpha Vantage API, updated October 31, 2025.

Reported

60% of 50 tracked

Beat EPS

90%

27 of 30

Miss EPS

10%

3 of 30

Avg YoY Growth

+7.2%

Revenue Growth

Today

COP, SHEL

Rest of Week

Nov 1: XOM, CVX, ABBV

Technology Sector Earnings

The Technology sector dominated Q3 2025 earnings with exceptional results across major players. Yesterday’s highlights included Apple’s impressive +5.1% surprise ($1.85 vs $1.76) and Amazon’s blockbuster +25.4% beat ($1.43 vs $1.14). Earlier in the week, Alphabet delivered a stunning +23.7% surprise, Meta beat by +8.7%, and Microsoft exceeded estimates by +1.6%. 6 of 10 reported tech companies beat estimates, with only Tesla missing. AI investments and cloud services remain key drivers, with Apple showing strong iPhone 16 cycle performance and Amazon’s AWS continuing to accelerate growth.

Company	Ticker	Report Date	EPS Actual	EPS Estimate	Revenue (B)	YoY Growth	Result
Apple	AAPL	Oct 30, 2025	$1.85	$1.76	$94.9B	+6.1%	Beat
Microsoft	MSFT	Oct 29, 2025	$3.72	$3.66	$65.6B	+16.0%	Beat
NVIDIA	NVDA	Nov 5, 2025	Pending	$0.78	—	—	Pending
Alphabet	GOOGL	Oct 29, 2025	$2.87	$2.32	$88.3B	+15.1%	Beat
Amazon	AMZN	Oct 30, 2025	$1.43	$1.14	$158.9B	+11.0%	Beat
Meta	META	Oct 29, 2025	$7.25	$6.67	$40.6B	+19.0%	Beat
Tesla	TSLA	Oct 23, 2025	$0.72	$0.73	$25.2B	+8.1%	Miss
Oracle	ORCL	Dec 9, 2025	Pending	$1.45	—	—	Pending
Broadcom	AVGO	Dec 5, 2025	Pending	$1.38	—	—	Pending
Adobe	ADBE	Dec 12, 2025	Pending	$4.52	—	—	Pending
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Financial Sector Earnings

Financial institutions delivered an exceptional quarter with all 10 companies beating EPS estimates, maintaining a perfect 100% beat rate. Yesterday, Mastercard reported a solid +1.6% surprise ($4.38 vs $4.31) with strong cross-border volumes. The sector benefits from higher interest rates and improved net interest margins. Investment banking revenues show strength, while credit quality remains solid with manageable charge-off rates. Visa reported +0.3% surprise on Oct 28.

Company	Ticker	Report Date	EPS Actual	EPS Estimate	Revenue (B)	YoY Growth	Result
JPMorgan Chase	JPM	Oct 11, 2025	$4.37	$4.01	$42.7B	+7.2%	Beat
Bank of America	BAC	Oct 15, 2025	$0.90	$0.83	$25.5B	+4.8%	Beat
Wells Fargo	WFC	Oct 11, 2025	$1.43	$1.28	$20.7B	+3.1%	Beat
Goldman Sachs	GS	Oct 15, 2025	$8.40	$7.73	$12.7B	-2.8%	Beat
Morgan Stanley	MS	Oct 15, 2025	$1.88	$1.58	$15.4B	+5.9%	Beat
American Express	AXP	Oct 18, 2025	$3.49	$3.28	$16.6B	+9.2%	Beat
BlackRock	BLK	Oct 11, 2025	$11.46	$10.36	$5.2B	+8.4%	Beat
Visa	V	Oct 28, 2025	$2.98	$2.97	$9.6B	+12.0%	Beat
Mastercard	MA	Oct 30, 2025	$4.38	$4.31	$7.4B	+13.0%	Beat
Charles Schwab	SCHW	Oct 14, 2025	$0.77	$0.74	$4.8B	+10.1%	Beat
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Healthcare Sector Earnings

Healthcare sector showed mixed results this quarter. Yesterday, Eli Lilly disappointed with a -19.7% miss ($1.18 vs $1.47) while Merck exceeded expectations with a +8.9% beat ($2.58 vs $2.37). The sector continues to see strong demand for innovative therapies and GLP-1 drugs, though supply constraints impacted some companies. Medicare Advantage pressures continue to affect managed care organizations. 5 of 6 reported healthcare companies beat estimates.

Company	Ticker	Report Date	EPS Actual	EPS Estimate	Revenue (B)	YoY Growth	Result
UnitedHealth	UNH	Oct 11, 2025	$7.15	$6.85	$100.8B	+8.5%	Beat
Johnson & Johnson	JNJ	Oct 15, 2025	$2.42	$2.21	$22.5B	+4.3%	Beat
Eli Lilly	LLY	Oct 30, 2025	$1.18	$1.47	$11.4B	+20.0%	Miss
Pfizer	PFE	Oct 29, 2025	Pending	$0.61	—	—	Pending
AbbVie	ABBV	Nov 1, 2025	Pending	$2.96	—	—	Pending
Merck	MRK	Oct 30, 2025	$2.58	$2.37	$16.7B	+5.0%	Beat
Thermo Fisher	TMO	Oct 23, 2025	$5.36	$5.23	$10.6B	+1.2%	Beat
Abbott	ABT	Oct 16, 2025	$1.21	$1.20	$10.6B	+5.1%	Beat
CVS Health	CVS	Nov 6, 2025	Pending	$1.69	—	—	Pending
Elevance Health	ELV	Oct 17, 2025	$8.37	$9.66	$45.1B	+6.3%	Miss
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Consumer Sector Earnings

Consumer sector shows mixed signals with discretionary spending pressures. McDonald’s beat estimates with a +0.9% surprise ($3.23 vs $3.20) demonstrating value menu strength, while Starbucks missed with a -10.3% surprise ($0.52 vs $0.58) reflecting traffic challenges. Premium brands continue to face headwinds, while value-oriented concepts benefit from trade-down behavior. 7 of 8 reported consumer companies beat estimates.

Company	Ticker	Report Date	EPS Actual	EPS Estimate	Revenue (B)	YoY Growth	Result
Walmart	WMT	Nov 19, 2025	Pending	$0.53	—	—	Pending
Home Depot	HD	Nov 12, 2025	Pending	$3.82	—	—	Pending
Procter & Gamble	PG	Oct 18, 2025	$1.93	$1.90	$22.0B	+2.1%	Beat
Coca-Cola	KO	Oct 23, 2025	$0.77	$0.74	$12.4B	+3.2%	Beat
PepsiCo	PEP	Oct 8, 2025	$2.31	$2.29	$23.3B	+1.3%	Beat
Nike	NKE	Dec 19, 2025	Pending	$0.83	—	—	Pending
McDonald’s	MCD	Oct 29, 2025	$3.23	$3.20	$6.9B	+3.0%	Beat
Starbucks	SBUX	Oct 29, 2025	$0.52	$0.58	$9.1B	-3.0%	Miss
Costco	COST	Dec 12, 2025	Pending	$4.04	—	—	Pending
Disney	DIS	Nov 14, 2025	Pending	$1.11	—	—	Pending
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Energy Sector Earnings

Energy sector earnings season begins in earnest today with major integrated oil companies reporting. Today’s Focus: ConocoPhillips (COP) and Shell (SHEL) report before market open. The sector faces headwinds from moderating oil prices but maintains strong cash flows and capital discipline. Valero beat expectations last week with a +7.5% surprise. Major supermajors Exxon and Chevron report Friday, November 1st, which will set the tone for the sector. 3 of 4 reported energy companies beat estimates.

Company	Ticker	Report Date	EPS Actual	EPS Estimate	Revenue (B)	YoY Growth	Result
Exxon Mobil	XOM	Nov 1, 2025	Pending	$1.81	—	—	Pending
Chevron	CVX	Nov 1, 2025	Pending	$2.47	—	—	Pending
ConocoPhillips	COP	Oct 31, 2025	Pending	$1.87	—	—	Pending
Shell	SHEL	Oct 31, 2025	Pending	$1.89	—	—	Pending
Marathon Petroleum	MPC	Nov 5, 2025	Pending	$2.81	—	—	Pending
Valero Energy	VLO	Oct 24, 2025	$2.30	$2.14	$31.2B	-8.3%	Beat
Phillips 66	PSX	Oct 29, 2025	Reports Today BMO	$2.18	—	—	Before Market
EOG Resources	EOG	Nov 7, 2025	Pending	$2.82	—	—	Pending
Schlumberger	SLB	Oct 18, 2025	$0.89	$0.88	$9.2B	+10.3%	Beat
Occidental	OXY	Nov 12, 2025	Pending	$0.71	—	—	Pending
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Upcoming Earnings Calendar: Week of October 28 – November 1, 2025

Key earnings releases for the week ahead, featuring major companies across all sectors. Times shown are for earnings calls, typically occurring before market open (BMO) or after market close (AMC).

Date	Company	Ticker	Time	EPS Est.	Rev Est. (B)	Sector
Oct 29 (Tue)	Alphabet ✓	GOOGL	AMC	$2.32	Beat +23.7%	Technology
Oct 29 (Tue)	Visa ✓	V	AMC	$2.97	Beat +0.3%	Financial
Oct 29 (Tue)	Pfizer	PFE	BMO	$0.61	TBD	Healthcare
Oct 30 (Wed)	Amazon ✓	AMZN	AMC	$1.14	Beat +25.4%	Technology
Oct 30 (Wed)	Eli Lilly ✓	LLY	BMO	$1.47	Miss -19.7%	Healthcare
Oct 30 (Wed)	Apple ✓	AAPL	AMC	$1.76	Beat +5.1%	Technology
Oct 30 (Wed)	Mastercard ✓	MA	BMO	$4.31	Beat +1.6%	Financial
Oct 30 (Wed)	Merck ✓	MRK	BMO	$2.37	Beat +8.9%	Healthcare
Oct 31 (Thu)	ConocoPhillips	COP	BMO	$1.87	Reporting Today	Energy
Oct 31 (Thu)	Shell	SHEL	BMO	$1.89	Reporting Today	Energy
Nov 1 (Fri)	AbbVie	ABBV	BMO	$2.96	TBD	Healthcare
Nov 1 (Fri)	Exxon Mobil	XOM	BMO	$1.81	TBD	Energy
Nov 1 (Fri)	Chevron	CVX	BMO	$2.47	TBD	Energy
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Key Takeaways for Financial Advisors

Earnings Quality Remains Strong: With 78% of companies beating EPS estimates, corporate America continues to demonstrate resilience despite macroeconomic uncertainties.
Sector Divergence Widens: Technology and Financials lead with strong earnings growth, while Energy faces headwinds from commodity price normalization.
Guidance Matters More: Markets are reacting more strongly to forward guidance than backward-looking results, particularly around AI investments and consumer spending trends.
Week Ahead Critical: With major names like Amazon, Exxon, and Chevron reporting, next week could set the tone for Q4 2025 market direction.
Portfolio Implications: Consider rebalancing toward sectors showing sustained earnings momentum while monitoring guidance revisions for early warning signals.

Methodology & Updates

This earnings tracker focuses on the largest companies by market capitalization within each sector, providing a representative sample of Q3 2025 earnings season performance. Data is updated daily as companies report, with preliminary results subject to revision. EPS estimates represent consensus analyst expectations as of the day before earnings release.

For comprehensive earnings analysis, historical comparisons, and detailed financial metrics, YCharts’ Fundamental Data tools provide institutional-grade analytics for over 40,000 securities globally. Financial advisors can access real-time earnings data, estimate revisions, and surprise history to make informed portfolio decisions.

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